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Which system is the best? Or which combinations of systems work the best?

  • Post #1
  • Quote
  • First Post: Jul 9, 2007 1:10am Jul 9, 2007 1:10am
please advise since we are all on the same quest.. Here are the rules
1. The system must have been live traded for 12 months with positive results..
2. No theoretical results.......

any other rules we should post?
Quoting gio9
please advise since we are all on the same quest.. Here are the rules
1. The system must have been live traded for 12 months with positive results..
2. No theoretical results.......

any other rules we should post?
Any answer you get to your question would be meaningless. Just because a given system works for one person, does not mean it will work for another.

Far too much emphasis is put on the "system". Once a person has learned how to trade properly, they will have long since realized that the system they use is largely irrelevant. The real secret to long term success in trading lies within the trader themselves, not in the system they use. The only thing a trader needs to know about a system is that it has a positive expectancy. Ah, but here's the catch. Since the person actually trading the system is the major factor in their success, then it is possible that one can use a system that has a mechanical positive expectancy, and turn it into one with a negative expectancy either through poor money management, or by having bad trader psychology.

The system is meaningless, pips are meaningless and the outcome of a single trade is meaningless. Until one fully grasps this, they will never trade profitably.

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
I think we can safely close this thread. Dial has pretty much answered and defacted a would be a system war if one has chosen any particular system. lol
Quoting jest1081
I think we can safely close this thread. Dial has pretty much answered and defacted a would be a system war if one has chosen any particular system. lol

and that's why we love him
gotta thank him for making it boring too...i was gearing up for some drama.:
http://www.forexfactory.com/turtlerules.pdf

just found the missing turtle
Quoting Gwan
http://www.forexfactory.com/turtlerules.pdf

just found the missing turtle
Not all the turtles succeeded either.
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
i remembered one turtle who became a hero...
the Brave Camera...
Quoting gio9
please advise since we are all on the same quest.. Here are the rules
1. The system must have been live traded for 12 months with positive results..
2. No theoretical results.......

any other rules we should post?
Perhaps you should be hunting for a trader who has traded profitably for 12 months. Then learn how he thinks and acts.

btw, you might find that his system is quite simple.
I thought your questions were perfectly reasonable but isn't it remarkable that the experts can't actually give a straight answer.They give their stock standard cliche's for answers, which doesn't leave much hope for us new folk.Can you believe the audacity of one wanting to close this thread!
Quoting edge540
I thought your questions were perfectly reasonable but isn't it remarkable that the experts can't actually give a straight answer.They give their stock standard cliche's for answers, which doesn't leave much hope for us new folk.Can you believe the audacity of one wanting to close this thread!
Diallist's reply is the best straigh answer you can get my friend. Newbies(including me) have the mentality that profitable traders are profitable because of their systems and that isnt true.
Quoting edge540
I thought your questions were perfectly reasonable but isn't it remarkable that the experts can't actually give a straight answer.They give their stock standard cliche's for answers, which doesn't leave much hope for us new folk.Can you believe the audacity of one wanting to close this thread!
Quoting diallist
Any answer you get to your question would be meaningless. Just because a given system works for one person, does not mean it will work for another.

Far too much emphasis is put on the "system".

The system is meaningless, pips are meaningless and the outcome of a single trade is meaningless. Until one fully grasps this, they will never trade profitably.

Dial
Really, you can't ask for a much straighter answer than this. Cliche? Maybe. Truth? Unquestionably. Think about it......if proven, successful traders all agree on this, and most all of them seem to, then, the chances are it is true, and new traders would only stand to benefit from trying to improve their understanding of it.
Quoting edge540
I thought your questions were perfectly reasonable but isn't it remarkable that the experts can't actually give a straight answer.They give their stock standard cliche's for answers, which doesn't leave much hope for us new folk.Can you believe the audacity of one wanting to close this thread!
well, go to "trading systems" and will find many good systems. you even have the votings for each system so what do you want more?

before success there must be hard work. if you wanna be rich do something!
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
A lot of system have positive expectancy but they all assume you allready posses what it takes to be a good trader...and thats the main reason why "SYSTEMS" fail.
I read an interwiev of one pro-trader when asked what would he changed today differently....He didnt said he would change a system...he said he would apply stricter MM rules....

I read in this forum that a lot of traders use systems when MAs determine entry and exit point....mybe it works for someone but I find them too mechanical.....
Quoting edge540
I thought your questions were perfectly reasonable but isn't it remarkable that the experts can't actually give a straight answer.They give their stock standard cliche's for answers, which doesn't leave much hope for us new folk.Can you believe the audacity of one wanting to close this thread!
Van Gogh could give someone his system for creating a great painting, no?

Trading is an art.
... and colour and brush are the system.
Quoting edge540
I thought your questions were perfectly reasonable but isn't it remarkable that the experts can't actually give a straight answer.They give their stock standard cliche's for answers, which doesn't leave much hope for us new folk.Can you believe the audacity of one wanting to close this thread!
It is a reasonable question I agree, but when someone with much more experience gives an answer different than you hoped for it should make you stop and think instead of spar with wisdom.
I maintain that if there were such thing as a mechanical system, then EA's would work.

Without frequent human intervention ( = trader discretion), they don't.

I know this is bad news, there is no system that can simply be learned and traded.

The good news is, you'll just have to learn to be a trader.
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
I searched some threads for you and it is only this what I came up to:

- www.wtafx.com
- www.top10tradingsystems.com
- www.dynamictrend.com
- www.dollartrader.com
- www.systemrank.com

I didnt check any of these but hope it is of some help......
Here is the best system :http://www.forexfactory.com/search.p...threadid=37396
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